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China Telecom, Unicom Compete for iPhone 5 Pre-Orders

Sohu IT, 12/04/12

China Telecom (NYSE: CHA; 0728.HK) began accepting iPhone 5 pre-orders at 9 AM on December 2, while China Unicom (NYSE: CHU; 0762.HK; 600050.SH) began accepting iPhone 5 pre-orders on December 3.

As of 5 PM December 2, Beijing Telecom had received over 5,000 pre-orders, while China Unicom's online service hall (www.10010.com) had received over 100,000 pre-orders as of 4 PM December 3, far exceeding first day pre-orders for the iPhone 4, which reached 50,000.

China Unicom and China Telecom are both accepting pre-orders via their respective online service centers and self-operated brick-and-mortar service halls as well as consumer electronics retailers Suning (002024.SZ) and Gome (0493.HK). Some China Unicom regional branches are also accepting pre-orders via e-commerce platforms TMall and Dangdang (NYSE: DANG).

China Unicom VP Li Gang reportedly met with Apple representatives in the United States on the afternoon of December 3 to discuss post-launch issues surrounding the iPhone 5, especially increasing supply volume.

Keywords: Li Gang Beijing Telecom China Telecom China Unicom iPhone wireless Apple 0728.HK 0762.HK 600050.SH CHA CHU smartphone handset

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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